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500-MILE AUTO RACE IS WON BY SCHNEIDER; Ex-Motorcycle Policeman Is First at Indianapolis as 150,000 Look On. MANY SPILLS MARK EVENT Arnold, 1930 Champion, Crashes at 400 Miles When Leading by About 7 Miles. FRAME GETS SECOND PLACE Hepburn, Meyer and Snowberger Next Across--Drizzle Adds to the Drivers' Perlis. Arnold's Car Catches Fire. Averages 96,629 Miles an Hour. Arnold Sets New Mark. 500-MILE AUTO RACE WON BY SCHNEIDER Schneider's Patience Rewarded. Drivers Resume Breakneck Speed.